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Posting about it and enduring is what will make you think twice about any mistakes made today should you be in a position of repeating them in the future.
Vovan, man, have I had days like that. I'm on a mini roll now. Learning, trading SIM, getting small gains, learning. I highly recommend EFT, which Bluemele wrote about. A chant I used last month was, "Even though I'm losing in trading, I completely love and respect myself." I only did it twice if I recall correctly. The result was a wonderful release.
First 3 trades took right at the open. Then trade #4 was nice short, but after a little move it came back and saw that it's switching to long but I let it took me out after almost 2 hours in a trade. Then I tried my ATM strategy for 2 contracts and it took me out with -3 ticks.
Today I was trying to trade pure price action because my method didn't give me a lot to trade this morning.
PA trading concept is little bit different from what I've used before.
First couple trades took at 5 RangeNoGap chart then switched to 5min chart. I always thought that on 5min time frame I have to use much bigger stops but today I could see that I could trade with stops smaller than even on 144T. I mean it was a different concept for entries and that made a difference.
Here is a summary and my trades( they don't make sense on 5R chart but on 5M they are too close to each other and it's hard to see them).
Didn't trade yesterday and couldn't trade this morning either.
I decided to take a break and learn little bit more about PA and volume. Didn't want to trade today at all but when I opened my charts couldn't hold myself and entered a couple of trades.
Got scared on both trades. First entry went up for 1 point and I moved stop to BE+1.
On the second trade I had target for 2 points it almost touched it but started pulling back on raising volume. Got scared again and closed one point.
Took only one trade today. My SL was 4 ticks and original target 2 points. When it got really close to the target I moved my stop to +1point because it was pulling back up pretty quick. It did tough my target price and came back up. I'm pretty sure I wouldn't get fill anyway. Even with the small profit of 1 point I had R/R over 1:2.
I'm not gonna take any more trades today. I want to take it slowly and don't want to mess up my learning by overtrading. I think it's better to take it in small portions before I get used to it and start seeing it pretty well.
Thanks for sharing.
